With its active user count having jumped 24% to 392 million during the pandemic, PayPal Holdings Inc. said it is moving more of its infrastructure and workloads to Google Cloud.CareTime, a software platform for home caregivers, introduced a capability to accept credit cards and e-checks within the platform.Wirex Ltd., whose platform allows consumers …
Read More »QuickBooks Suffers Payroll ACH Failure and other Digital Transactions News briefs from 4/30/21
A processing failure has interfered with direct deposit of payroll for an undetermined number of businesses using Intuit Inc.’s QuickBooks payroll service. In response to numerous posts on Twitter about the incident, Intuit posted a link to the following notice: “Some payroll customers are reporting they have not received their direct deposit …
Read More »As the ACH Network Readies for Covid Relief, Payments Groups Seek to Correct the Record on Funding Date
In response to erroneous reports about funds availability, The Clearing House Payments Co., Nacha, and seven other banking and payments groups said Tuesday that Economic Impact Payments from the federal government will start to become available to recipients Wednesday morning. A statement from the nine groups, plus a separate statement …
Read More »Checkbook.io’s Link to Plaid Looks To Bring Verification to Real-Time Payments
As the payments business moves toward faster settlement, verifying payor accounts becomes crucial, yet for non-card payments, “there’s a gap there,” notes Patricia Hewitt, principal at PG Research & Advisory Services LLC, a Savannah, Ga.-based payments consultancy. On Thursday, Checkbook Inc., a San Mateo, Calif.-based startup, announced a step toward …
Read More »As Consumers And Businesses Turn to Electronic Channels, ACH Growth Accelerates
For the nation’s automated clearing house network, payments trends already under way before the coronavirus pandemic are still unfolding—only faster. ACH payments initiated on the Web to pay bills and make other transfers totaled 2.1 billion in 2020’s fourth quarter, a 15.2% increase year-over-year, Nacha reported Thursday. Herndon, Va.-based Nacha …
Read More »Grocer Picks NCR POS System and other Digital Transactions News briefs from 12/23/20
NCR Corp. said Big Y Foods Inc., with 85 New England locations, selected the NCR Emerald point-of-sale system for its checkouts.With the pandemic shutting down casinos, gambling is moving online, where the volume of wagers is expected to nearly double to $92.9 billion in 2023 from $59 billion this year, Statista forecasts.Payments provider Paysafe …
Read More »Eye on Digital Payments: How Covid Is Impacting Business Payments; Contactless Guidance Emerges
The Covid-19 pandemic, which is surging again in many parts of North America, has proven to be a tipping point for digital business payments, says a white paper released Monday from WEX Inc., a provider of payment technology for fleet operators and travel and health-care businesses. Of the 308 senior …
Read More »The ACH Recorded 9% Growth in the September Quarter Even Though Covid Aid Trailed off
The nation’s automated clearing house network surged again in the September quarter, even with a waning of federal-assistance payments. Volume grew by double-digit percentage increases in most major categories as the network handled 6.8 billion transactions overall, up 9%, Nacha reported Tuesday. Nacha is the governing body for the network, …
Read More »Nacha Amends ACH Rules in the Face of New ‘Channels’ And ‘Technologies’ for Payments
Nacha has approved eight amendments to its operating rules governing the use of ACH payments. The amendments were approved as part of Nacha’s strategy to modernize the ACH network through infrastructure improvements and to make ACH payments easier to initiate for consumers, businesses, and other organizations. The new rules are …
Read More »How Consumers Struggling with Covid-19’s Impact Have Paid—Or Not Paid—Their Bills
The impact of the economic downturn sparked by the coronavirus pandemic has affected payments of all sorts, but perhaps none so much as consumer bill payments. Indeed, some 56% of consumers said it was harder to pay bills because they’d lost their jobs or had sustained a reduction in income, …
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